Funding arb · Price arb / Crypto
| Leg | Exchange | Price | Fund. /8h | Each payment | Next in | OI | Vol 24h | Lev | |
|---|---|---|---|---|---|---|---|---|---|
| LONG | 0.04288 | +0.0053 | pay 0.0007% / 1h | 10m 46s | $21K | $603K | 5x | Long RISExInvite | |
| SHORT | 0.04296 | −0.0186 | pay 0.0023% / 1h | 10m 46s | $133K | $36K | 5x | Short Phoenix |
Price gap+0.197%59s
Funding gap−0.0239% /8h
The gap pays +$10 on $10k if it goes back to its 7d average, but funding costs $7 a day and eats that in about 35 hours.
If you open now and hold
on $10k a leg · figures of the last 7D, not a forecastFunding−$12−0.0239% /8h now · paid −0.116% over the last 2 days (all we have)
Price—spread +0.197%59s now · prices read too far apart to compare
Costs−$740.739% of $10k · taker + slippage, in and out
Result—no pointsneeds both prices read together
Price and funding
1h · historyEntry / Exit
Price spread
Prices
Fundingper 8h
ENTRY / EXIT · 7D
Entry now—
Entry average—
Best entry—
Exit now—
Exit average—
Best exit—
Exit free—
PRICE SPREAD · 7D
Now+0.197%
Average—
Range—
Wider than now—
FUNDING SPREAD · 7D
Average /8h—
Highest—
Lowest—
Paid you—
Where the spread has been, last 7D▾
share of time at each level
Funding on every exchange
/8hCHIP on 24 exchanges
lowest funding firstBefore you open
2 ok · 3 to watch- Watch: Thin at this size5.4 / 31.5 bpAt $10k entering Phoenix costs 31.5 bp, fee and slippage, 5.8× RISEx’s.
- Note: Margin at max leverage$2,000 + $2,000RISEx 5x, Phoenix 5x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
- OK: Same payment interval1h / 1hBoth legs pay at the same time.Next 24h at the current rates, on $10k a leg: −$7.16Long RISEx: 24 payments, −$1.59; short Phoenix: 24 payments, −$5.57.
- Watch: Prices read 59 s apart+0.197% vs +0.093%Part of this gap may be the market moving.
- Watch: Long leg is thinner$21K vs $133K OIRISEx sets your exit cost. Check its book before closing.
- Note: No points program—Neither exchange runs points right now.
- OK: No KYC on either legRISEx No · Phoenix NoBoth exchanges let you trade without ID.
Profit calculator
both legs, in and outPosition, each legHold forOrdersPrice spreadFunding rate
Funding earned−0.0166%/8h × 21 periods−$34.95
Price spreadprices read too far apart to compare—
Slippage, 4 orderslive order books−$60.89
Fee RISEx bp × 2 orders−$6.00
Fee Phoenix bp × 2 orders−$7.00
Net · 7 days · $10k−$108.84
price spread not counted: prices read too far apartCosts to cover0.739%Break-evennever at this rate
Slippage: RISEx: live order book, 56 min ago; Phoenix: live order book, 44 min agoCost to enter
taker + slippage from mid, one sideBUY · LONGRISEx2.445.4 bp−$522.7 bp−$227doesn’t fitdoesn’t fit
SELL · SHORTPhoenix4.6531.5 bp−$3295.9 bp−$959doesn’t fitdoesn’t fit
Closing costs about the same again.
| 10-30 13:38 | RISEx | Other | Trade them here: $EWZ: $CHIP: @risextrade on X ↗ |
| 10-30 13:38 | RISEx | Listing | Two new markets on RISEx: $EWZ, the iShares MSCI Brazil ETF, at 20x. Most crypto traders barely had a way to trade Brazil $CHIP, the token of the protocol that lends against GPUs, at 5x. It is the AI debt trade onchain @risextrade on X ↗ |
| 10-28 10:42 | TxFlow | Listing | At the community’s request, TxFlow has listed $CHIP. a DeFi protocol that finances AI infrastructure using GPU hardware as onchain collateral, now available with up to 50x leverage. @TxFlow_L1 on X ↗ |
| 10-28 09:24 | RISEx | Listing | new market CHIP/USDC ($CHIP) seen by our collector |
| 10-26 09:17 | TxFlow | Listing | new market CHIP-USDC ($CHIP) seen by our collector |
TxFlow